Enhanced user flash estimates of quarter - on-quarter changes in gross domestic product of the Czech Republic at constant prices

The authors present an algorithm for making flash estimate of quarterly change in gross domestic product at constant prices in the conditions of the Czech Republic. This algorithm is based on monthly/quarterly statistics on the output of individual branches, i.e. on data measuring trends in structured domestic supply. Estimates produced by the Czech Statistical Office and covering six preceding quarters make up the part of history, which the flash estimate is built on. It depends therefore on both the stability of methodology used for compiling quarterly national accounts and the perfection of its application. The authors assume that the innovated algorithm should be accessible to experts as well as the general public, and that it can serve them to arrive at well-founded rough information on total quarter-on-quarter change in GDP at constant prices a month or so before Czech Statistical Office official estimate is released.